Hyperfine (NASDAQ:HYPR) Releases Earnings Results, Beats Expectations By $0.02 EPS

Hyperfine (NASDAQ:HYPR) posted its quarterly earnings data on Monday. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.02, Zacks reports. Hyperfine had a negative return on equity of 57.54% and a negative net margin of 309.42%.

Hyperfine Stock Performance

Shares of Hyperfine stock traded up $0.36 during trading hours on Monday, reaching $1.28. 39,696,154 shares of the company were exchanged, compared to its average volume of 326,607. Hyperfine has a 1 year low of $0.76 and a 1 year high of $1.90. The stock’s fifty day moving average is $1.07 and its 200 day moving average is $1.01. The firm has a market cap of $93.37 million, a PE ratio of -2.25 and a beta of 0.94.

About Hyperfine

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.